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Chinese machinery manufacturers continue to increase market share

German media said the machinery manufacturing industry are exemplary , is one of the pillars of the German economy in the past few years to benefit from the thriving export business. Industry experts warned the German manufacturer not to sit back and relax because the current strong exports . In fact, according to an analysis of the Boston Consulting Group report , Chinese companies over the past few years to promote the machinery manufacturing industry in the global growth : China 's share of business from 2008 to 2012 of 23% to 37% in the world market - - an increase of only four years, more than 50%.

Reported that this growth is clearly adversely affect the German manufacturer : its share over the same period from 12% to 9% of the world market, the report's authors wrote: " European machinery manufacturers must realize that the competitive environment has changed , must respond to the threat of more obvious , otherwise they will be from China 's aggressive challenger down . "

Boston Consulting Group 's experts believe that the main benefit from Chinese manufacturers provide a large number of cheap Chinese labor and high yields. Produce high yields make them cheaper . High demand in the domestic market and the support of the Chinese government also helped the Chinese enterprises. Advantage is reflected in the data given in the report : Allegedly , 2006-2011 Chinese machinery manufacturers in the global construction machinery market share increased to 15% from 3% , an increase of 4 times.